Derivatives markets for home prices
By: Robert J. Shiller.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13962; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13962.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The establishment recently of risk management vehicles for home prices is described.  The potential value of such vehicles, once they become established, is seen in consideration of the inefficiency of the market for single family homes.  Institutional changes that might derive from the establishment of these new markets are described.  An important reason for these beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales method, that have appeared over the last twenty years.  Psychological barriers to the full success of such markets are discussed"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/2/2008.

Includes bibliographical references.

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Mode of access: World Wide Web.